Warren Buffett Says Bitcoin 'Definitely Will Come to a Bad Ending'

&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;The Berkshire Hathaway CEO told CNBC the firm would never have a position in cryptocurrencies&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;

&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;This story originally appeared on Business Insider

Berkshire Hathaway CEO Warren Buffett said Wednesday that the firm had no interest in jumping on the cryptocurrency bandwagon&period;

"We don't own any&semi; we're not short any&comma;" Buffett said in an interview on CNBC&period; "We'll never have a position in them&period;"

Of options trades that would profit from price declines&comma; he added&colon; "If I could buy a five-year put on every one of the cryptocurrencies&comma; I'd be glad to do it but I would never short a dime's worth&period;"

"What's going on definitely will come to a bad ending&comma;" he said&period;

Buffett said Berkshire Hathaway remained focused on identifying good businesses and investing in them&period;

The conglomerate announced Wednesday that it would expand its board of directors to 14 members&comma; adding Gregory Abel and Ajit Jain&period; Buffett and Charlie Munger&comma; Berkshire Hathaway's vice chairman&comma; will keep their positions on the board&period;